Miguel Leite FollowCo-founder and CEO of Coinvision. +8 years experience in tech and blockchain startups. In crypto for the tech.

5. How to Find The Best Crypto Exchanges

February 8, 2019 1 min read

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Yey, so we already went through the process of how-to buy cryptocurrencies with cards, cash and ATMs and now we’re ready to start trading.

First, let’s go over some simple concepts.

Once you buy coins they’re stored in a digital wallet. If you’re not trading, there are several ways of storing your coins: keep the coins on a web-based service; download a software and store in your computer’s drive; a “vault” service that keeps your coins protected offline.

For trading purposes you’ll have to have your coins on the exchanges’ wallets.

Your wallets always have an associated address, an unique hash key.

If you want to receive or send coins, you just need to use the address. Important: if you send to the wrong address you will lose all your coins, so every time you move your coins, be very careful.

Now that we have this clarified, let’s start trading. For this example, we’re going to use the Binance exchange platform. It has credibility, a lot of coins and volume. Other credible exchange is Bittrex.

Note: Always check if the exchange you’re going has enough volume and if it is credible, as there are a lot of scams in cryptocurrency.